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Published on 22 Aug 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Ever wondered how the Tax Office assesses your clients in terms of risk to revenue? What sort of risk assessment is more likely to result in Tax Office review or audit activity? As a Tax Agent, how do you rate in comparison to your colleagues and what do these ratings mean? The Tax Office now utilises a point-in-time risk management tool called the Risk Differentiation Framework (“RDF”) to assess these risks.
This presentation willl:
provide an overview of the demographics of the RDF as applied to the SME Market – incorporating a description of the key variables that feed into the RDF algorithm
indicate likely Tax Office activity resulting from classification into one of the four risk categories
suggest activity (or lack of activity) that will keep clients in more benign risk categories
contain case studies based on Tax Office use of RDF
provide an overview of the RDF as applied to Tax Agents.
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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